A Manx company is to buy a controlling stake in what’s probably Britain’s most famous haulier.
The Stobart Group is selling 51 per cent of its trucking business to Douglas-based investment firm DBAY in a deal worth around £280 million.
DBAY will pay £195.6 million in cash for Eddie Stobart Logistics and take on £41million of debt
The sale means the new Manx owner can use the iconic Eddie Stobart brand free for four years, before negotiating a licensing deal.
Changes to postal services in the north
New parcel collection point introduced in Ramsey EVF station
Colby Glen re-opens under new management
Southern pub's doors open for 'fantastic new chapter'
Phone users told to 'pipe down' by Wetherspoons
Customers asked to switch their phones to silent or use earphones
Businesses at Grandstand hopeful of breaking-even as weather disrupts racing
MGP sessions disrupted due to conditions
